209 Hedge Funds Rejoice As Apple Passes $500

Why is this good news for the "financial industry?" Because Apple is
now the financial industry, with a record 209 hedge funds holding it (a number that has likely surged in the past 3 months). As Apple
goes, so goes not only the entire Tech index, the NASDAPPLE, the global capital markets, but the entire 2 and 20 model. We wonder how long until LPs ask their hedge fund advisors why they paying management fees when everyone can just put their money into AAPL outright and bypass the whole "hegde fund" mockery.

This earlier discussion may be worth revisiting on AAPL's exponential run...or this on its dominance of the index and the economy...or this on where growth is being driven from?

Gen X stopped paying their mortgages to buy MacBook Pros because their Graphic Design business will pick up anyday now. Gen Y is living at home with their parents after dropping out of college and instead of paying their loans off they spent their allowance on ipads they look at in the corner Starbucks to try and seem cool when they see their (facebook) friends (in real life). Gen Z has never had a job since they entered the workforce three years ago, but they do enjoy using their iphones to discuss how awesome Madonna's halftime show was. "It was biblically epic!"

really, it's practically linear up for American hedonism and consumer stocks. $5 coffees and a proliferation of electronic toys. At least the internet boom had a pretense of productivity enhancement. Today it is nothing but circle jerk social networking and angry birds. Pathetic. Yet if Europe struggles to actually confront some degree of financial reality, it's an excuse to buy 'safe' American assets. And if Europe manages to kick the can again, well yes, the answer is again to buy American assets because who are the real kings of can-kicking? What a disgusting spectacle.

"Good evening. This is Glenn Beck coming to you from the American Patriot Network studios in Washington, DC. Tonight, breaking news. International terrorist and public enemy Joe Smith was retired on the streets of Los Angeles early this morning after a shoot out with a Federal Blade Runner. Due to the agent's professionalism, no innocents were harmed in the altercation. America can sleep easier now that one of its many domestic enemies has been retired.

"In other news, and somewhat ironically, Apple patriot stock hits an all time high of 5,000,000 Ameros as Chairman Ryan leads cheers welcoming in a new age of prosperity while also cautioning that there may still be need to 'tighten our belts'."

Yea just thinking the same thing, who the HELL picks up the phone and says 'Hi broker I got $10,000 here what do you suggest? Oh 20 whole shares of Apple? You say thats a sure double from here soon? Ok buy whatever price $505 $510 who cares load me up with 19 or 20 shares.'

Share split soon then. Or not, after all when the index can't even out together more than one -0.5% down day back to back who cares about fundamentals? At this rate fundamentals will become a historical oddity in the Iencyclopedia brittanica next to the dodo bird . To the moon jeeves!

A Foxconn backlash could send this back to the 3's in a few weeks. I'm surprised a US manufactuer hasn't rasied the "be loyal and patriotic and buy American" flag and targeted all the tech companies that outsource nearly their entire operations to China. AAPL would be a good candidate to fall fast and hard.

Don't worry, the way wages are dropping in the US, Foxconn will be out sourcing production to subcontractors in Kentucky or Alabama to be done by part time temporary workers with no benefits, making close to the minimum wage.( the Amazon/Wall Mart model)

[Forrest Gump referring to Apple Computer] Forrest Gump: Lieutenant Dan got me invested in some kind of fruit company. So then I got a call from him, saying we don't have to worry about money no more. And I said, that's good! One less thing.

the staircase to heaven; even the swash buckling HFs are taking it. As all others lead to that other place. It all means that the traffic jam on this staircase will be endless and getting off it problematic; when the inevitable upward spike due to herd stampede makes even the richest of fields seem arid, as if leading to cliff edge.

Jack and the bean stalk where r u? Ben of FED.

A little bit of QE3 wil create a knee jerk of serendipity visible even to the clueless. And spread the stampede to other pastures...very dangerous to be all clustered up!

Foxconn is really a ticking time bomb. IF a major competitor (Samsung, Google/Motorola, Nokia, et. al. wink wink) played it right, they could send AAPL reeling like NFLX reeled last year. If the details about Foxconn came out on MSM, it would severely damage the AAPL feel-good lifestyle brand.

Maybe true. The AAPL consumers really need some gruesome images of Foxconn slavery impressed on their minds day in and day out, not just on CNBC. It would require major media payola, but I think a competitor might have large enough pockets.

Even if some gruesome images were released. AAPL shuts down that factory, blames it on that particular manager (see Abu Gharib for how that works), and people get to pretend that something changed and keep being their over priced AAPL products.

AAPL is brilliant. It has created an overpriced benchmark consumer product. Won't last forever, never does, but for now, only thing that gets in AAPL's way is AAPL.

I bought this thing at 85 and sold at 349 when I thought Jobs was going to pass away. I was right about his passing away, but very wrong about the price action on AAPL "post Steve". I am kicking myself as I think about the opportunity lost here. DAMN!

And seriously, people could give a shit under what conditions these products are manufactured. Not imputing a moral judgement on this fact, just saying that is the way it is.

Same way that 99% of "aspirational brands" are produced in China under same conditions.

I can take a handbag manufactured from same factory in China, label one Coach and charge $500 for it.Label anothe,r generic brand XYZ, and will have problems moving it for $70. People are more interested in how a "BRAND" reflects on their class status, than they are in the actual product.

AAPL always struggles around the "00" numbers. I imagine it might take a few weeks for it to clear, say, $510. It could pull back to $480-460 in the meantime depending on MM strategies on the W options.

Higher it goes, harder it will drop. Apple is a product company just like Nokia, Dell. Although it is undoubtly the best company in terms of execution (people cometimes call it innovation), it has down cycles due to product mix shift. Nokia had its glorial days thanks to its dominant market share, Apple will have a similar thing sooner rather than later.

The AppStore and iTunes are the biggest money makers for Apple, which is what you need to keep in mind when you look at AAPL.

Hardware is not a growth market, in fact, hardware is becoming a commodity, so forget about new iPhone or iPad models, or even an iTV. They are only delivery devices for content. They will be there, but they won't be the money makers and surely don't justify a $500 stock price.

If you think that Apple can grow deeper into the content market, then by all means, buy AAPL.

ZH has been hating AAPL for the last $250 and ridiculing all teh funds that have been long and have proven to be right.. Even the broken clock is right twice a day.. So maybe when AAPL is up to $600 and sells off to $550 form there Tyler will be screaming "I told you so!"

It's bad enough you guys were all jacking off every time you saw Steve Jobs, now you're all just jacking off on each other. For someone to make money on AAPL, someone else has to lose money on it. Why don't all you geniuses go some place that is out of sight while you're jerking off on eachother

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